Advertising revenue fell in the first 3 months of 2015: from $427 million in 2014 to $409 million this year. But non-advertising revenue, which is mostly from subscription fees on cable, rose from $194 million to $216 million.

Univision also breaks out the money it gets from political and advocacy advertising, which flucuates according to the election cycle. It had $24 million in poltical and advocacy ad revenue in the first quarter of 2014 compared to only $14 million in 2015.

Fusion, which has heavily invested in its digital presence, is described as a "24-hour English-language news and lifestyle cable television network and digital network targeting young English-speaking Hispanics and their peers."

It has made waves among media watchers with its high-profile hires, including technology writer Alexis Madrigal and finance writer Felix Salmon.